Many small and midsize businesses lack the funds and storage space to buy the heavy-duty equipment they need outright. Instead, they come to you, a rental equipment supplier, and rent the machines they require. Often, this agreement is an excellent arrangement, as the business receives the equipment they need for short-term jobs at prices they can afford, and you can profit and invest in more heavy-duty equipment to expand your business.
Sometimes this process stops working as it should. Interruptions may be as simple as a subcontractor forgetting to pay their bill on time. However, others may have no intention of paying off their rental agreement. Either way, missed payments affect your business and keep you from getting the money your clients owe. When that happens, you need people with experience in equipment rental collections to ensure failure to pay doesn’t affect your bottom line.